Friday, May 5, 2017

Backing

Shares in Johnston Press have drifted down again, this morning to around 14p. The company's AGM comes up on May 22, with one contentious item being CEO Ashley Highfield's bonus. Normally a mix of shares and cash, the new proposal from the company is to make it all cash, albeit a lower total sum than before. The maximum figure for 2017 would be £774k on top of a basic of £549k. If he used to it buy shares at 14p, he'd get around 5.2% of the company. Go for it, Ash...